We're 70 and I have always kinda taken care of the retirement money at Vanguard and our state PEPSICO plan but I don't really know much...I just look at what a fund has done in the last 10 years or so and pick the one with the highest rate of return.
I thought I would just let EJ take over and do a better job. I started with them in 6/22/21...we have three different pots with them...2 Traditional IRAs and a pot of already taxed money.
As of this moment we're making 1.98% on one IRA and 2.78% on the other IRA...the cash is making 1.30%.
When we met with our FA, we told the FA how much risk we can handle...one IRA is HIGH risk, one IRA is MEDIUM risk.
The FA has the cash pot split between 12 different funds. Each IRA has 13 fund holdings. Some of the funds don't have very long track records.
A lot of the funds are income funds...we told him we don't need income from this money, we want growth.
I'd like to transfer the money to another institution and buy ETFs.
Am I right to think we're being mishandled? I know the market has been down the last 6 months and that's how long we've been with EJ so maybe I'm expecting too much but my son and brothers are still making 15-18% this year.
What would you do if you were me? Thanks!
I thought I would just let EJ take over and do a better job. I started with them in 6/22/21...we have three different pots with them...2 Traditional IRAs and a pot of already taxed money.
As of this moment we're making 1.98% on one IRA and 2.78% on the other IRA...the cash is making 1.30%.
When we met with our FA, we told the FA how much risk we can handle...one IRA is HIGH risk, one IRA is MEDIUM risk.
The FA has the cash pot split between 12 different funds. Each IRA has 13 fund holdings. Some of the funds don't have very long track records.
A lot of the funds are income funds...we told him we don't need income from this money, we want growth.
I'd like to transfer the money to another institution and buy ETFs.
Am I right to think we're being mishandled? I know the market has been down the last 6 months and that's how long we've been with EJ so maybe I'm expecting too much but my son and brothers are still making 15-18% this year.
What would you do if you were me? Thanks!